Regulatory Alerts2024-05-24
M-2024-015: Guidelines on Pricing of Electronic Payments
The Bangko Sentral ng Pilipinas issued Memorandum No. M-2024-015 to establish guidelines ensuring transparent, fair, and competitive pricing for electronic payments by supervised institutions. The document mandates that institutions adopt board-approved pricing policies grounded in reasonable market-based practices, responsible cost efficiency, and clear transparency for end-users. Additionally, it requires participation in an annual survey to collect data on digital payment pricing practices for regulatory oversight and industry benchmarking.
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